Determine share price and new number of shares outstanding

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Reference no: EM131068368

Bermuda Triangle Corporation (BTC) currently has 350,000 shares of stock outstanding that sell for $98 per share. Assuming no market imperfections or tax effects exist. Required: Determine the share price and new number of shares outstanding if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places (e.g., 32.16) and shares outstanding to the nearest whole number (e.g., 32).):

(a) BTC has a five-for-three stock split.

Price per share $

Shares outstanding

(b) BTC has a 15 percent stock dividend.

Price per share $

Shares outstanding

Price per share $

Shares outstanding

(d) BTC has a four-for-seven reverse stock split.

Price per share $

Shares outstanding

Reference no: EM131068368

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